Chinese company in talks to buy United Biscuit

LONDON — Bright Food Group Co., one of China’s largest food companies, is in talks about a possible purchase of London-based snacks and cookies maker United Biscuit Holdings Ltd. (U.B.), according to The Sunday Times.

According to reports, the transaction would be valued at approximately £2.5 billion ($3.96 billion).

Private equity firms The Blackstone Group and PAI partners acquired U.B. for more than $3 billion in late 2006. But in recent months the firms have been undergoing a strategic review of United Biscuits.